TPTS 8-K
Terra Property Trust, Inc. (TPTS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 – Entry into a Material Definitive Agreement
Western Alliance Bank Revolving Line of Credit
On February 4, 2025, Terra Property Trust, Inc., a Maryland corporation (the “Company”), entered into that certain Seventh Amendment to Loan Documents (“Seventh Amendment”), effective January 31, 2025, between the Company and Terra Mortgage Portfolio II, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company, on the one hand, and Western Alliance Bank, an Arizona Corporation (“WAB”), on the other hand, pursuant to which, among other things, the facility agreement governing the revolving line of credit with WAB was amended to extend the maturity date of the facility agreement to June 30, 2025 and require an additional monthly payment of principal.
The description above is only a summary of the material provisions of the Seventh Amendment and is qualified in its entirety by reference to a copy of such document which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending March 31, 2025.
Item 2.03 – Creation of a Direct Financial Obligation
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TERRA PROPERTY TRUST, INC. | ||
| Date: February 6, 2025 | By: | /s/ Gregory Pinkus |
| Name: | Gregory Pinkus | |
| Title: | Chief Financial Officer | |